The Global Cobalt-based Alloy Powder Market was valued at USD 366.9 Million in 2023 and is projected to reach USD 560.7 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.7% during the forecast period. This robust growth is being driven by increasing demand from aerospace, medical implant, and industrial gas turbine sectors, coupled with the accelerated adoption of Additive Manufacturing (3D Printing) technologies across critical manufacturing applications.

As advanced manufacturing transitions toward high-performance materials and precision engineering, the spotlight is on the key cobalt alloy producers who are driving innovation, quality, and customized material solutions. In this blog, we profile the Top 10 Companies in the Cobalt-based Alloy Powder Industry—a strategic mix of global metal specialists, advanced materials innovators, and additive manufacturing pioneers shaping the future of industrial materials.

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🔟 1. Sandvik AB

Headquarters: Stockholm, Sweden
Key Offering: Osprey® Cobalt-Chrome Alloy Powders, Sandvik Hyperion® Alloys

Sandvik stands as a global leader in advanced metal powders, offering comprehensive cobalt-based alloy solutions specifically engineered for demanding applications. Their materials portfolio serves aerospace component manufacturers, medical device companies, and energy sector clients with growing investments in gas atomization technologies and alloy development.

Innovation Initiatives:

• Advanced gas atomization capabilities
• Specialized powders for additive manufacturing
• Commitment to sustainable production processes

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Cobalt-based Alloy Powder Market – View in Detailed Research Report

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9️⃣ 2. Kennametal Inc.

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Stellite® Alloy Powders, Custom Cobalt Alloy Blends

Kennametal is a global leader in advanced materials, including their renowned Stellite® cobalt-based alloy powders. These materials are valued for exceptional wear resistance, high-temperature performance, and corrosion resistance across demanding industrial environments.

Innovation Initiatives:

• Development of next-generation wear-resistant alloys
• Custom alloy development for specific applications

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8️⃣ 3. ATI (Allegheny Technologies Incorporated)

Headquarters: Pittsburgh, Pennsylvania, USA
Key Offering: Cobalt-Chrome-Molybednum Alloys, Nickel-Cobalt Superalloys

ATI’s Specialty Materials segment produces high-performance cobalt and nickel-based alloy powders used in critical aerospace, defense, and energy applications requiring superior mechanical properties.

Innovation Initiatives:

• Advanced alloy powder manufacturing capabilities
• Focus on aerospace and medical implant applications

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7️⃣ 4. Praxair Surface Technologies, Inc. (Lindé)

Headquarters: Danbury, Connecticut, USA
Key Offering: Stellite® Alloy Powders, Tribaloy® Intermetallic Alloys

Praxair Surface Technologies, now part of Lindé, develops specialized cobalt-based alloy powders for thermal spray coatings and additive manufacturing applications.

Innovation Initiatives:

• Specialized powders for wear and corrosion protection
• Custom alloy development for specific customer requirements

Download FREE Sample Report:
Cobalt-based Alloy Powder Market – View in Detailed Research Report

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6️⃣ 5. H.C. Starck Solutions

Headquarters: Munich, Germany
Key Offering: Tantalum and Cobalt Alloy Powders, Custom Metal Powders

H.C. Starck is a leading manufacturer of advanced metal powders, including cobalt-based alloys specifically designed for additive manufacturing and thermal spray applications.

Innovation Initiatives:

• Development of high-purity cobalt alloy powders
• Focus on medical and aerospace grade materials

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5️⃣ 6. Stanford Advanced Materials

Headquarters: Lake Forest, California, USA
Key Offering: Cobalt Chromium Alloy Powders, Medical Grade Cobalt Alloys

Stanford Advanced Materials specializes in high-purity cobalt-based alloy powders for critical applications in medical devices, aerospace, and industrial components.

Innovation Initiatives:

• Specialized in medical implant grade cobalt alloys
• Custom powder manufacturing services

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4️⃣ 7. Carpenter Technology Corporation

Headquarters: Philadelphia, Pennsylvania, USA
Key Offering: Carpenter Cobalt Alloy Powders, Specialty Alloy Solutions

Carpenter Technology produces high-performance cobalt-based alloy powders used in aerospace engine components, medical implants, and industrial cutting tools requiring extreme durability.

Innovation Initiatives:

• Advanced alloy development capabilities
• Focus on additive manufacturing and powder metallurgy applications

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3️⃣ 8. Material Technology Innovations Co., Ltd

Headquarters: Tokyo, Japan
Key Offering: Cobalt-based Superalloy Powders, Custom Alloy Blends

Material Technology Innovations is a Japanese specialist in advanced metal powders, focusing on cobalt-based alloys for specialized industrial applications and additive manufacturing processes.

Innovation Initiatives:

• Development of cobalt alloys for high-temperature applications
• Focus on research and development of new alloy compositions

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2️⃣ 9. Shanghai Global Fusion Materials Technology Co

Headquarters: Shanghai, China
Key Offering: CoCrMo Alloy Powders, Medical Grade Cobalt Alloys

Shanghai Global Fusion Materials Technology is a significant Chinese producer of cobalt-based alloy powders, serving both domestic and international markets with cost-effective material solutions.

Innovation Initiatives:

• Cost-effective cobalt alloy powder production
• Expansion of additive manufacturing grade materials

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1️⃣ 10. Chengdu Huarui Industrial Materials Co

Headquarters: Chengdu, China
Key Offering: Cobalt-based Alloy Powders, AM Grade Materials

Chengdu Huarui Industrial Materials specializes in cobalt-based alloy powders for various industrial applications, including wear-resistant coatings and additive manufacturing.

Innovation Initiatives:

• Development of cobalt alloys for industrial applications
• Focus on cost-competitive material solutions

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🌍 Outlook: The Future of Cobalt-based Alloy Powder is High-Performance and Customized

The cobalt-based alloy powder market is experiencing transformative growth. While traditional cobalt alloys still dominate industrial applications, the industry is increasingly focusing on additive manufacturing applications, specialized alloy development, and sustainable production methods.

📈 Key Trends Shaping the Market:

• Rising adoption of cobalt alloys in medical implants and aerospace components
• Increasing demand for customized alloy powders for specific applications
• Advancements in gas atomization and powder production technologies
• Growing emphasis on recycling and sustainable material sourcing

Get Full Report Here:
Cobalt-based Alloy Powder Market – View in Detailed Research Report

The companies listed above are not only supplying critical materials—they’re pioneering the next generation of advanced manufacturing materials.